Audusd Inverted Head and Shoulders

The aussie dollar pair has been consolidating around the 0.71500 and 0.71100 region for a period of time forming multiple chart formations.

today I have identified a inverted head and shoulders formation and a roof that has failed to break at 0.71100 must add that the pair has been trying to push up for the past month but due to the strength in the dollar has failed.


my analysis is as follows.


please use appropriate lots and respect your stop loss

take care!